Indian and Pakistani soldiers exchanged heavy volleys of shells and gunfire across their frontier in Kashmir overnight, killing at least five civilians in a growing military standoff that erupted

Pakistan armed forces launched multiple attacks using drones and other munitions along India's entire western border on the intervening night of Thursday and Friday, the Indian Army said in a post on X on Friday.

The Indian rupee declined this week as the conflict between India and Pakistan intensified, hurting local equities and sovereign bonds, while likely intervention by the central bank on Friday helped shield the South Asian currency.